COLUMBUS -- Gov. John Kasich signed the Transportation Budget Bill into law today, which will, among other things, raise the speed limit on rural highways in Ohio to 70 mph.

The two-year transportation budget measure sets in motion a $1.5 billion Ohio Turnpike bond sale. It guarantees 90 percent of bond proceeds will go to northern Ohio projects. Toll rates would be capped on E-ZPass users' car trips of 30 miles or less for 10 years.

The governor is slated to ink the bill during an event Monday in Warrensville Heights, near Cleveland. He's also expected to highlight the legislation at a later stop in Columbus.

The two-year transportation budget measure sets in motion a $1.5 billion Ohio Turnpike bond sale. It guarantees 90 percent of bond proceeds will go to northern Ohio projects. Toll rates would be capped on E-ZPass users' car trips of 30 miles or less for 10 years.

The measure also sets the maximum speed limit for interstate freeway outerbelts in urban areas at 65 mph and on freeways in congested areas at 55 mph.UPDATE: Kasich Signs Speed Limit Hike Into Law

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